CNOOC vies with PetroChina in Guangdong
CNOOC supplies LNG to Guangdong from its Dapeng, Zhuhai and Putian terminals. (CNOOC)
China National Offshore Oil Corp. (CNOOC) clawed back its share of the gas market from rival PetroChina in the key territory of Guangdong last year, as new offshore fields helped it capture more demand while piped volumes stumbled.
CNOOC supplied Guangdong with its first gas a decade ago, when its Dapeng terminal in Shenzhen received China’s first LNG cargo. Offshore fields near the province, such as Panyu 30-1 and Huizhou 21-1, also went onstream at the end of last decade to meet Guangdong’s needs. From 2006 to 2010, CNOOC was Guangdong’s sole gas supplier.